Wed 06/23/2021 14:06 PM
UPDATE 1: 2:06 p.m. ET 6/23/2021: Reorg has updated its financial and legal analysis on Nobian’s €425 million sustainability-linked 2026 senior secured notes
HERE.
Original Story 1:14 p.m. UTC on June 22, 2021
Primary Analysis: Nobian €425M 2026 SSNs Supported by Industry Leading Margins, Cash Generation Capacity; 40%-46% Equity Cushion; High Leverage, Lack of Disclosure on Through-Cycle Performance Raises Concerns; IPT Mid to High 3% Area
Relevant Items:
Primary...
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